Somnath Deshmukh

About Somnath Deshmukh

Experienced Procurement Manager with a demonstrated history of working in the…

Experience

1. Procurement Specialist

   Fujitsu

   Jul 2022 — Present · Pune, IN

   Key Responsibilities:Supplier Identification and Evaluation:Conduct thorough research to locate suitable suppliers for designated product or service categories.Assess potential suppliers based on criteria including cost-effectiveness, quality standards, reliability, and regulatory.Monitor supplier performance and foster strong relationships to ensure ongoing collaboration. Negotiation and Contract Management:Engage in negotiations with suppliers to secure advantageous contract terms and pricing.Oversee existing contracts to ensure adherence to agreements and swiftly resolve any arising issues.Market Analysis and Trend Monitoring:Continuously monitor market trends, competitor strategies, and advancements within the industry.Evaluate market conditions to uncover opportunities for optimizing costs and enhancing processes. Collaboration and Communication:Partner with internal teams (such as procurement, engineering, and quality assurance) to gather insights and align sourcing efforts with organizational needs.Maintain open lines of communication with suppliers, clearly articulating expectations and addressing any concerns. Data Management and Reporting:Keep precise records of supplier data, contractual obligations, and performance indicators.Prepare reports that provide stakeholders with valuable insights into sourcing activities and results.Cost Reduction Initiatives:Identify strategies for cost reduction through careful supplier negotiations and process enhancements.Monitor and analyze cost metrics, identifying areas ripe for further savings.Risk Assessment and Mitigation:Evaluate risks associated with suppliers and the supply chain, devising strategies to mitigate potential impacts.Formulate contingency plans to prepare for any disruptions in supply continuity.People Management:· Build relationships with internal and client stakeholders.

Education

• Government Polytechnic College

  Diploma ( Mechanical Engineering) , Mechanical Engineering

  2010 — 2013

• G.H. Raisoni College of Engineering(GHRCE), Nagpur

  Bachelor's of Engineering , Mechanical Engineering

  2013 — 2017

• Savitribai Phule Pune University

  Bachelor of Engineering - BE, Mechanical Engineering